The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-11-23
RAILROAD AFFAIRS.
THE WEST VIRGINIA oENrnA1

Aud What It Hopes to Accomplish by
Representation in tho u. \ o. Directory.
Further Particulars of tho baltimore
Meeting MondnJ-G. & @, Road.
BALTIMORE, Nd, Nov. 29.-The grow
ing influence OF the West Virginia Centra
& Pittaburgh Railway Company In tn,
affairs Of the Baltimore & Ohio Railroad
Company Is cauaing many buainess men
6nanciers and railroad officials to inquire
what Is the object Of this new corporation
In gaming ioothold in the great trunl
line. The West Virginia Central and III
officials have now number OF lawsuitt
pending against the Baltimore & Ohio rail
road, and 1t has struck deeply into the
coal regions Of West Virginia, along the
upper Potomac, and brought the coal and
timber Of that region Into competition
with tho miners ol Maryland In
Allegheny and Garrett counties, in
very many OF which the Balti.
more & Ohio Is interested, as
in those along Georges creek. U Up to o
short time ago tho West Virginia Central
was believed to have It's eyes upon the
Chesapeake & Ohio Canal, but the defeat
Of tho call Tor constitutional convention
will prevent 1t from acquiring that prop.
erty. The Baltimore & Ohio, through Its
representative interests, fought tho West
Virginia Central almost every step from
Piedmont to Cumberland, where 1t wae
possible to form junction with the canal
and tho Pennsylvania Railroad. From
Cumberland the West Virginia Central
had Its choice Of three routes to tidewater
for Its coal-by the Pennsylvania Railroad
to Bedford, Huntington and Harrisburg
and by the Northern Cantral Railway to
Baltimore; by tho Baltimore & Ohio to
Washington and Baltimore, and by the
canal to Georgetown.
GoRMAN's INFLUENCE.
II German can control the sppointmen!
Of the four State directora in the B. & o.
through Governor jackson, and tho seven
city directors through Mayor Latrobe. by
the aid OF one stock director, he could
elect the President OF the B. 4 o. Com.
pany, and as his greatest interest is In the
West Virginia Company he would be in O
position to get any kind Of q carrying con.
tract or terminal iacilities Presiden.
Henry q. Davis would wish and Mr..
Mayor dialike, since it would placs the
Consolidation aud all the other Maryland
coal companies at disadvantage. But
now it is believed the West Virginia Com.
pany hiss given up all expectation of buy.
ing or leasing tho canal. Some people think
the West Virginia Company contemplates
building a lins Of ita own down to Hancock
or near there, and there, by croeHing the
the canal, get to Willismsport on the
Western Maryland Railroad. Another
opinion is that the West Virginia Com.
pany desires the Baltimore < Ohio to take
ita cosl hoppers down oyer the main stem
from Cumberland to Cherry Run, dis.
tance Of about sixty-fvs miles, lnd by
building ten miles across to Hagerstown,
connect with the Cumberland Valley
Railroad for down the valley, or by the
Western Maryland for Baltimore. The
West Virginia Company has depot q.
Stapleton, Staten Island, for coal, and
could have no objection to sending itH
hoppera through from Cumberland, ia.
stead OF breaking bulk at Locuat Point or
Canton.
Before next spring the West Virginia
Central will have more friends In the
Western Maryland Railroad than 1t has
now, and both interests united, might be
able to form more direct line to the coal
fields OF West Virginia than it now has.
IMPORTANT RESOLUTIONS RECLAIMED.
It will be remembered that at the meet
ing yesterday the resolution passed by
by the board of directols regarding the
acquisition by the Baltimore & Ohio Com
pany OF the stock and bonds of the Wheel
ing, Pittsburgh 4 Baltimore Railroad
Company was approved, and the stock.
holders also ratified and approved the
resolution passed by the board OF directors
regareiDg the purchaae Of tho stock and
bonds Of the Grafton & Greenbrier Rail.
road Company.
At tho request Of some shsreholderu
present, Vice-President Spencer msdo a
clear and distinct statement, in detail, re.
garding both these resolutionn. He stated
In the case Of the acquisition of the stock
and bonds Of tho Wheeling, Pittsburgh
& Baltimore Railroad Company, that no
new obligations were incurred, the
Wheeling, Pittsburgh = Baltimore Bail.
road Company being the consolidated
line between Pittsburgh and Wheeling,
made up Of the old Hemp6eld road
and portion OF the Ohio Il Balii.
more Short Line and the Pitts.
burgh Southern, on part OF which the
gauge had been broadoned and the
remaining link built now, all OF which
propertiea were owned by the Baltimore &
Ohio Railroad Compsny. 1t was desire:
BILE to connect these three separate links
under enc corporate title, namely, the
Wheeling, Pittsburgh & Baltimore Rail
road Company. 1t Is the bonds and stocl;
Of this now company which, under the aci
of tho President and Board OF Directors,
the Baltimore & Ohio acquired, and ap.
proval OF which 10 now asked OF the
shareholders. The objects Of such con-
solidation were, frat, convenience III
operating and accounting, and secondly,
for convenience OF use as security In con,
nection with the reccntly.nogotiated con
solidated mortgage. \
TIE GRAFTON AND GREzNsRIER.
As regards the Grafton l. Greonbriel
Railroad, Mr.. SPENCER explained that i
was narrow.gauge line running from
Grafton southwest to Bslington, q dietsnc.
of forty.one milee, now an importan
| sanior IA the main siam tha nrnmntin n
which was chiefly dye to aid extended by
the Baltimore & Ohio Railroad Company
in the purchase Of $:5O,OOO OF first mort.
gage bonds (being the entire iasue)
and $l9O0O0F OF capital stock. Tht
mortgage 10 at the rate Of only $1,000 pc!
mile, and the capital stock acquired placei
the control Of the company In tho handt
of sha Baltimore & Ohio Company. Tht
road wns acquired with view Of develop
;no thn local interests, particularly in tht